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Thread ID: 108092	2010-03-13 15:59:00	NZ OZ Merger	KenESmith (6287)	PC World Chat

Post ID	Timestamp	Content	User
866989	2010-03-15 22:43:00	or zimbabwe	Gobe1 (6290)
866990	2010-03-16 11:57:00	Originally Posted by Battleneter2 View Post lol lets get a reality grip, Australia is only 21 million people and is not a big international economy, its a "bigger" economy but not a "big" economy. NZ economy never has to be a big powerhouse, but it does have to do things better. Australia has benefited substantially from the NZ economy, its a symbiote relationship. Aussie banks have done very nicely here which is one of NZ's big problems. Kiwi's are always at the top or near the top of visitors to Australia pumping billions back the other way, I don't know what the authority is for Battleneter 2's informed remarks, but the odd authority on the matter seems to disagree with him Note : According to the World Bank Australia with 21 million population ranks 14th The Gross Domestic Product (GDP) indicates the size of a national economy. This data is from the World Bank. Note: Rankings include only those economies with confirmed GDP estimates. Total GDP 1998 (millions of US dollars) --------------------------------------- 1. United States 8,230,397 2. Japan 3,782,964 3. Germany 2,134,205 4. France 1,426,967 5. United Kingdom 1,357,197 6. Italy 1,171,865 7. China 959,030 8. Brazil 778,209 9. Canada 580,623 10. Spain 553,230 11. India 430,024 12. Mexico 393,508 13. Netherlands 381,819 14. Australia 361,722 15. Korea, Rep. 320,748 16. Argentina 298,131 17. Russian Federation 276,611 18. Switzerland 263,630 19. Belgium 248,184 20. Sweden 226,492 Snip Snip 45. Peru 62,745 46. Czech Republic 56,379 47. New Zealand 52,845 48. Hungary 47,807	KenESmith (6287)
866991	2010-03-16 12:38:00	47th? Hell, we're doing all right then.	Metla (12)
866992	2010-03-17 05:45:00	Those World Bank figures are for 1998? More interesting to see up to date figures showing GDP per head of popn. Anyone? Martynz	martynz (5445)
866993	2010-03-17 19:44:00	Originally Posted by Battleneter2 View Post lol lets get a reality grip, Australia is only 21 million people and is not a big international economy, its a "bigger" economy but not a "big" economy. NZ economy never has to be a big powerhouse, but it does have to do things better. Australia has benefited substantially from the NZ economy, its a symbiote relationship. Aussie banks have done very nicely here which is one of NZ's big problems. Kiwi's are always at the top or near the top of visitors to Australia pumping billions back the other way, I don't know what the authority is for Battleneter 2's informed remarks, but the odd authority on the matter seems to disagree with him Note : According to the World Bank Australia with 21 million population ranks 14th The Gross Domestic Product (GDP) indicates the size of a national economy. This data is from the World Bank. Note: Rankings include only those economies with confirmed GDP estimates. Total GDP 1998 (millions of US dollars) --------------------------------------- 1. United States 8,230,397 2. Japan 3,782,964 3. Germany 2,134,205 4. France 1,426,967 5. United Kingdom 1,357,197 6. Italy 1,171,865 7. China 959,030 8. Brazil 778,209 9. Canada 580,623 10. Spain 553,230 11. India 430,024 12. Mexico 393,508 13. Netherlands 381,819 14. Australia 361,722 15. Korea, Rep. 320,748 16. Argentina 298,131 17. Russian Federation 276,611 18. Switzerland 263,630 19. Belgium 248,184 20. Sweden 226,492 Snip Snip 45. Peru 62,745 46. Czech Republic 56,379 47. New Zealand 52,845 48. Hungary 47,807 Yea I know Australia is 14 and therefore not some sort of "economic power house" so whats your point?, its not even in the top 10. Keep in mind 20% of the world Population has 80% of the worlds wealth and NZ is most def in that lucky 20% population along with AUS. NZ has a Population of only 4.3 million. If you X NZ's population by 5 to match Australia we will come in on that list at 18 or 19, as NZ/Aus have similar economies that's a very fair thing to do. GDP "per capita" is more relevant and AUS beats NZ there. GDP has a VERY limited use in measuring true living standards due to wealth distribution and other factors like taxation and cost of housing etc. To be clear Aus has a slightly higher standard of living, buts its not some sort of enormous gap as some media like to sensationalise about.	Battleneter2 (9361)
866994	2010-03-17 19:58:00	Hands up all those who want to have Australian children? (As usual, cricket fans are not entitled to vote.)	R2x1 (4628)
866995	2010-03-17 20:01:00	I heard this somewhere, don't know if its already been posted in this thread or if it's even true, I thought it was pretty interesting. Apparently, NZ is the smallest country in the world (population wise) to have it's own currency.	wratterus (105)
866996	2010-03-17 20:15:00	Albania smaller population than nz uses lek as currency	prefect (6291)
866997	2010-03-17 20:22:00	I heard this somewhere, don't know if its already been posted in this thread or if it's even true, I thought it was pretty interesting. Apparently, NZ is the smallest country in the world (population wise) to have it's own currency. lol naa utter rubbish, there are dozens of smaller countries with there own currency In fact the $NZ is roughly the 11th most traded currency in the world, some weeks in the top 5.	Battleneter2 (9361)
866998	2010-03-19 06:37:00	In response to a suggestion that we should look at per capita GDP, and now being retired with sod all to fill the day, I have taken the trouble to extract the following economic statistics from: www.photius.com The interesting figures are the current account balance, visible trade balance, Public Debt % of GDP, which tend to show how well the economy is really doing. Invisibles do not showin the balance of trade, (such things as dividends payable to overseas investors, overseas debt servicing, shipping insurance etc where overseas companies are the providors. These figures have always skewed NZs balance of trade negatively. 2009 Economic Statistics All figures in US Dollars (Current Acct Bal and Balance of Trade Visibles in USD Billions) Country GDP Real Economic Public Debt Current Acct Per capita Growth % % GDP Balance Balance Inflation Unemployment of Trade Rate Rate Norway $55,200 1.8% 52.0% $84,350 $84,390 3.6% 2.6% United States $47,000 1.3% 60.8% -$568,800 -$813,000 4.2% 7.2% Ireland $46,200 -1.7% 31.5% -$8,681 $36,730 4.0% 6.2% Switzerland $40,900 1.9% 44.0% $40,810 -$40,100 2.4% 3.0% Netherlands $40,300 1.8% 43.0% $470,000 $52,200 1.5% 4.5% Canada $39,300 0.6% 62.3% $12,820 $25,100 1.0% 6.1% Austria $39,200 1.6% 58.8% $10,630 -$20,100 3.7% 3.7% Sweden $38,500 0.7% 36.5% $35,220 $18,400 1.6% 6.4% Australia $38,100 2.2% 15.4% -$43,840 -$8,300 4.7% 4.5% Belgium $37,500 1.3% 80.8% $3,972 -$2,300 4.5% 6.5% Denmark $37,400 -0.6% 21.8% $4,333 -$1,200 3.5% 2.0% United Kingdom $36,600 0.7% 47.2% -$72,540 -$177,000 3.8% 5.5% Germany $34,800 1.3% 62.6% $267,100 $328,000 2.8% 7.9% Spain $34,600 1.1% 37.5% -$152,500 -$152,100 1.4% 13.9% Japan $34,200 -0.4% 170.4% $187,800 -$618,520 1.8% 4.2% France $32,700 0.7% 67.0% -$58,000 -$72,000 1.0% 7.4% Italy $31,000 -0.7% 103.7% -$68,820 -$700 3.6% 6.8% New Zealand $27,900 0.2% 22.9% -$9,047 -$1,580 4.3% 4.0% Czech Republic $26,100 3.9% 29.4% -$6,460 $4,400 3.6% 6.0% Korean Republic $26,000 2.5% 32.7% -$6,410 -$16,000 4.7% 3.2% Portugal $22,000 0.2% 64.2% -$23,970 -$30,120 2.9% 7.6% Hungary $19,800 -1.5% 73.8% -$6,890 $1,800 6.1% 8.0% Russian Fed. $15,800 6.0% 6.8% $97,600 $174,000 13.9% 6.2% Mexico $14,200 1.4% 20.3% -$13,450 -$11,900 6.2% 4.1% Argentina $14,200 7.1% 51.0% $6,000 $13,100 22.0% 7.8% Brazil $10,100 5.2% 40.7% -$27,300 $24,000 5.8% 8.0% Peru $8,400 9.2% 24.1% -$3,631 $4,190 6.7% 8.4% China $6,000 9.8% 15.7% $368,200 $309,000 6.0% 4.0% India $2,800 6.6% 78.0% -$38,390 $111,800 7.8% 6.8% The countries with the highest GDP per capita are primarily the low population tax havens, surprise surprise. In the selection of nations it is of note that China the second from bottom actually on GDP ranks second after all they have over 1.3 billion people compare with USA at 330 million. For the sake of brevity I omitted the Arab Oil producers, they all have high per capita GDP, and surprise surprise most of them have healthy balance of Trade surpluses. How is NZ going - well OK I guess for a small country, growth low, Budget deficit and balance of trade negative - factor in invisibles and BoT gets worse. Australia, doing Ok, not thanks to the Government of Rudd the Dud, and his team of economic illiterates, in 3 years they turned a 39 Billion surplus into $43,840 billion deficit - supposedly dealing with the GFC - unhappily it was not thought out well Billions wasted, every school got a school hall whether they needed it or not, including several that were closing, free home insulation that due to mal administration turned into the small business scam of the year - too much misdirected, bugger all accountability etc etc - The trouble is the bulk of the electorate don't click onto what has been and is goin on until it is too late - NZ is not immune to having a slow thick electorate - Helen Clark was kicked out about 6 years too late. Sorry formating seems to get lost between typing and Saving Column Titles Country GDP per Capita USD Real Economic Growth % Public Debt % GDP{ Current Account Balance Billions USD ( ie Budget Deficit/Surplus) Balance of Trade (Visibles) Billions USD Inflation Rate % Unemployment Rate %	KenESmith (6287)
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